A company is formulating its plans for the coming year, including the preparation of its cash budget. Historically, the company's sales are 30% cash. The remaining sales are on credit with the following collection pattern:

Collections on Account		Percentage
In the month of sale		40	%
In the month following the sale		58	%
Uncollectible		2	%

Sales for the first 5 months of the coming year are forecast as follows:

January	$	3,720,000
February		4,020,000
March		3,820,000
April		4,220,000
May		4,420,000

For the month of April, the total cash receipts from sales and collections on accounts would be: (CIA adapted)

$3,943,928.

$3,998,520.

$4,661,000.

$4,256,100.